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Commonwealth cuts loan delinquency by up to 5%
Commonwealth Bank says non-performing loans have reduced by between 1-5 percent across all credit segments since year-end 2022 as its portfolio expands faster than market growth.
Public sector debt drops $93m during first quarter
Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.
No Bahamas taxes on Shell’s $1.55bn profits
The case for imposing a corporate income tax was yesterday said to be have been strengthened by revelations that a Shell subsidiary paid not a cent in tax on $1.55bn of profits generated in The Bahamas.
Davis: not a hard choice
PRIME Minister Philip “Brave” Davis said it was not a hard choice for voters in this week’s by-election and they should choose PLP candidate Kingsley Smith.
‘Non-controllable’ cost surge blocks bank matching 2022
Commonwealth Bank believes it would have come close to matching 2022’s “extraordinary” nine-month profitability had it not been for $3m in new Business Licence fees and utility costs “more than doubling”.
Baha Mar Hoops: Hurricanes clinch men’s title
THE University of Miami Hurricanes made their short trip to the Bahamas a memorable one at the Baha Mar Hoops Bahamas Championships yesterday in the Baha Mar ballroom.
Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.
LPIA to match or beat Thanksgiving records
The Bahamas’ major airport gateway yesterday said it expects passenger numbers for the upcoming Thanksgiving holiday weekend to meet or exceed pre-COVID’s 30,000-plus record.
ADVERTORIAL: CG Atlantic Invites Applications for 2024 Summer Internship Programme
CG Atlantic is excited to announce the opening of applications for its highly sought-after Summer Internship Programme. Geared towards college students and recent graduates aspiring to pursue a career in the insurance industry, this programme provides an invaluable opportunity to immerse oneself in the dynamic world of insurance. The in-person programme is scheduled to run from June to August 2024.
Contract signed for solar rooftop project at University of The Bahamas
THE Ministry of Finance signed a contract with ANO Technologies Ltd on Friday to start a solar rooftop project at the University of The Bahamas to reduce the institution’s energy costs.
DIANE PHILLIPS: Swimming - when sport becomes survival
IN the darkness of pre-dawn, when most of us are pulling the covers over our heads finding a perfectly good excuse to snuggle right where we are for a few more minutes, Percy Knowles is preparing for his morning routine, the same as he has done for decades.
Long Island developers hope for ‘quick’ approvals
Two developers targeting Long Island’s former Diamond Crystal plant with separate eco-tourism investments yesterday voiced optimism that the required approvals will be processed “very quickly”.
DPM wants Long Island airport opening this term
The deputy prime minister yesterday said he “fully expects to cut the ribbon” for the opening of Long Island’s new international airport before the Davis administration’s term in office ends in 2026.
Advertorial: Coastal Loss Adjusters Expands Global Presence with New Office in Nassau, Bahamas
Nassau, Bahamas – Coastal Loss Adjusters, a leading provider of public insurance claims adjusting services for policyholders, is excited to announce the opening of its newest office in Nassau, Bahamas. This strategic expansion is a testament to the company's commitment to serving clients worldwide and enhancing its presence in the Caribbean.
Police Chief ‘will search for files’ in Nygard probe
POLICE Commissioner Clayton Fernander said he will search for the investigation files concerning complaints women in The Bahamas made about Peter Nygard to see why charges were never brought against the former fashion mogul.
Memphis in town for Battle 4 Atlantis
THE Memphis Tigers women’s basketball team, through their connection with Bahamian Olympic and world champion Shaunae Miller-Uibo, took advantage of their free day before the start of the Battle 4 Atlantis Tournament to host a basketball clinic for some of the local high school players.
Bahamas Association of Athletic Coaches hosting throwers’ clinic with Jack
IN their bid to provide an opportunity for more coaches to get exposure to coaching in all areas of the sport, the Bahamas Association of Athletic Coaches (BAAC) is hosting a three-day throwers’ clinic under the supervision of American coach Greg Jack.
STATESIDE: America’s 2024 political campaign began this week
THE last general election is over. The results were consistent with 2022, 2021, 2020 and 2018, inasmuch as they represented a gradual but discernible movement away from the MAGA echoes of the Republican-aligned Tea Party movement of the 1990s. These election results also seem to indicate that voters are tiring of the chaos that always seems to surround Donald Trump, even if they very fondly remember the nation’s prosperity while he was president.
BREAKING: Sylvanus Petty resigns as Water and Sewerage Corporation executive chairman
SYLVANUS Petty has resigned from this role at the Water and Sewerage Corporation at the request of Prime Minister Philip "Brave" Davis.
ArawakX directors stay in control of BOB battle
The Chief Justice has allowed ArawakX’s principals “to maintain conduct and control” of the legal battle with Bank of The Bahamas over the latter’s six-month freezing of all their accounts.
